<p> Sample Fiduciary Acknowledgment Letter</p><p>(Date)</p><p>(Address of Fiduciary)</p><p>Subject: Appointment to Investment Committee</p><p>Dear (Fiduciary):</p><p>You are hereby appointed to serve as a member of the Investment Committee. As such, you will be serving as a fiduciary with specific duties and responsibilities. I have attached a handbook (memo) which outlines these duties and responsibilities. You are to become familiar with the contents and inform me of any questions and/or concerns you may have regarding your function.</p><p>You may be wondering what it takes to be a successful member of the Investment Committee. </p><p>It does not require extensive experience in securities analysis or portfolio management, but it does require a personal interest in understanding the basics of capital markets.</p><p>It requires a sincere commitment and the courage to develop a consensus formulation of goals and objectives with your fellow committee members; the discipline to develop long-term investment policies; the patience to evaluate events calmly in the context of long-term trends; and an understanding of personal and organizational strengths and weaknesses to determine when delegation and outsourcing is more appropriate.</p><p>Most important, it requires the ability to get the right things done, otherwise known as effective management. A prudent investment process facilitates effective management by distinguishing important from unimportant tasks.</p><p>Please acknowledge receipt of this letter and your understanding of your fiduciary duties and responsibilities by signing and returning a copy of this letter to me.</p><p>Sincerely,</p><p>(Plan Sponsor, Trustee, or Settlor)</p><p>Enclosure: Prudent Investment Practices handbook (or comparable memo) Date: (Date)</p><p>To: (Plan Sponsor, Trustee, or Settlor)</p><p>From: (Fiduciary)</p><p>Subject: Appointment to Investment Committee</p><p>I hereby accept my appointment to serve as a member of the Investment Committee. I understand the fiduciary duties and responsibilities associated with my appointment. </p><p>Sincerely,</p><p>(Fiduciary) </p>